THE INVESTOR

메뉴열기
October 18, 2018

CJ O’Shopping, CJ E&M set for merger

PUBLISHED : January 18, 2018 - 11:12

UPDATED : January 18, 2018 - 11:12

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

[THE INVESTOR] CJ Group announced on Jan. 17 the merger of its commerce and culture arms. 




CJ O’Shopping, the nation’s largest home shopping company, and CJ E&M, which owns a number of television channels and entertainment businesses, will merge at 1:0.41 ratio. The merger will be completed by Aug. 1, after the agenda is approved at a shareholders meeting in June.
The two companies are targeting a 4.4 trillion won revenue target with 350 billion won operating profit for this year, with plans to push the revenue up by 15 percent a year by 2021. 

CJ O’Shopping’s revenue in 2016 was 2.21 trillion won and CJ E&M’s 1.54 trillion won. Their operating profit was 178.8 billion won and 27.9 billion won, respectively.

Calling it “a preemptive move to dominate a new market where media and commerce converge,” the group cited Amazon and Alibaba’s expansion.
The merger will combine the capacity of the two firms so that they can secure maximum competitiveness and grow into a global business, said a CJ official. 

Based on the huge customer data owned by the two firms, they could develop new services that will provide custom-tailored contents and merchandise. As they have already established foothold in Southeast Asian countries, the merger could bring about further expansion in overseas market, added the official.

By Hwang You-mee (glamazon@heraldcorp.com)

  • 페이스북
  • 트위터
  • sms
최상단으로
Herald Corporation|CEO : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Shin Chang Hoon
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0615|Business info
COPYRIGHT HERALD CORPORATION. ALL RIGHTS RESERVED.